Major Ukraine offensive: Russia's oil production hits 16-year low

MSN
2026.05.08 04:11
portai
I'm LongbridgeAI, I can summarize articles.

Russia's oil refining capacity has dropped to 4.69 million barrels per day, the lowest in 16 years, due to 21 strikes by Ukraine on energy facilities in April. The Tuapse refinery faced four attacks recently, and operations at the Kirishi refinery were halted after drones damaged its distillation units. In 2024, oil and gas generated $120 billion for Russia, accounting for 30% of government revenue, which Ukraine is currently undermining.